Kai Makani Momentum on the Rise

Newest Listings to the Kai Makani Market

2nd Floor Kai Makani E203

Kai Makani E203 is an upstairs corner unit that was brought to market earlier this month. It’s a 2 bedroom and 2 bath unit that has been kept great shape over the years and is easily ready move in. Upgrades to the unit include new carpet, new light fixtures, fresh paint and Samsung washer and dryer.

The vaulted ceilings add another dimension to the unit and allows for plenty of light to provide depth to the unit. The upstairs lanai has two access points off of the master bedroom and living room.

Listed at $549,000 

1st Floor Kai Makani E102

 

Kai Makani E102 is located in the E building which is in the middle of the complex right by the community pool. The unit is in a cooler 1st floor location with a lanai right off the living room. The overall condition of the unit has been well taken care of, so it is in great shape for buyers to move right in.

Listed $519,000

Most Recent Kai Makani Closings

Kai Makani C202

When Kai Makani C202 first came to market a few years ago, it had a hard time with potential buyers; it was on and off the market before eventually being able to find a quick fire sale. It was interesting that this unit couldn’t find the right buyer because it was a front row center unit with ocean views in both directions.

The extra large lanai on the second floor offers elevated views so it is in even better position to make the most of its height. The unit was very well taken care of over the years and extremely clean considering it was already 10 years old. After briefly being taken off the market in fall, the unit was relisted at the end of November and only needed 3 days before entering escrow. The unit sold after a 7 day escrow for a final sale price of $659,000, $20k off asking. 

Kai Makani Market Update 2017

The Kai Makani market is a great community to buy in for a variety of reasons which entices buyers to make a decent amount of purchases throughout the year. Although it is a productive complex in terms of turnover, it does not see as many condos sold as some of the other more popular Kihei condos like Hale KamaoleKamaole SandsKihei Akahi, and Maui Banyan. The complex’s desirability lies in the fact that it just across the street from the beach and low density of buildings. Each cluster is spread out nicely from one another that each unit can enjoy its own privacy because of the 9 acres the complex sits on. At the back of the complex is a gated community pool are an playground that makes the perfect onsite amenities for families.

This year to date, the complex has seen 4 units sold, 2 in the first six months of the year and 2 in the last 6 months of the year. All 4 units were sold within 1 year of coming to the market, which is a fast time frame considering these units cannot be used as vacation rentals. The community atmosphere functions at a slower pace because some units do not live on Maui full time. The sweet spot for the community is around the $500k and $600k range; so overall, this complex is representative of a middle tier Kihei condo complex. In 2017, the $500k has been the most favored with 75% of the sales falling in that price range.

  • Number of Kai Makani condos for sale: 4
  • Average asking price: $583,550
  • Highest priced condo sold: $659,000
  • Lowest priced listing: $510,000
  • Number of units in escrow: 1

Kai Makani Condos For Sale

The Kai Makani Condos For Sale are a great condo for buyers looking to enjoy all of Maui because the community’s location to Kihei, Central Maui, and the West side; it also doesn’t hurt to be just 50-60 yards from one of the longest stretches of beach on Maui. All 5 listings were listed in 2017; 1 has been listed since spring, 2 came to market in the summer, and 2 were first listed within the last two months. With the influx of visitors during the holiday season, we can expect Kai Makani to find a few more interested buyers because of the relaxing and beachy lifestyle associated withe community.

The current inventory is representative of all of the types of units available at Kai Makani. Some are cozy and less than 850 sqft with 2 beds and 2 baths, while others are quite spacious with 3 bedrooms, 2 bathrooms, and over 1100+ sqft. As of 12/13, the 2 bedrooms are dominant as they represent 60% of the inventory on the market. Interestingly, the prices are quite spread out and are in a $300k range from the highest priced listing to the lowest priced. There are 2 listings priced in the $500k range, 2 more in the $600k price point, and only 1 priced in the upper end of the market at $800k.

12 KAI MAKANI LOOP B-102

12 KAI MAKANI LOOP B-102
Price: $689,000
Status: PENDING - CONT. TO SHOW
Building Name: Kai Makani
Unit: B-102
Waterfront: Across Street from Ocean
Beds: 3
Baths: 2
SqFt: 1238
Address: 12 Kai Makani Loop
City: Kihei
State: HI
Zip: 96753

12 KAI MAKANI LOOP B202

12 KAI MAKANI LOOP B202
Price: $749,000
Status: ACTIVE
Building Name: Kai Makani
Unit: B202
Waterfront: Across Street from Ocean
Beds: 3
Baths: 2
SqFt: 1238
Address: 12 Kai Makani Loop
City: Kihei
State: HI
Zip: 96753

28 KAI MAKANI LOOP L-101

28 KAI MAKANI LOOP L-101
Price: $634,000
Status: ACTIVE
Building Name: Kai Makani
Unit: L-101
Waterfront: Across Street from Ocean
Beds: 2
Baths: 2
SqFt: 1126
Address: 28 Kai Makani Loop
City: Kihei
State: HI
Zip: 96753

22 KAI MAKANI LOOP I-101

22 KAI MAKANI LOOP I-101
Price: $539,000
Status: ACTIVE
Building Name: Kai Makani
Unit: I-101
Waterfront: Across Street from Ocean
Beds: 2
Baths: 2
SqFt: 823
Address: 22 Kai Makani Loop
City: Kihei
State: HI
Zip: 96753

18 KAI MAKANI LOOP E202

18 KAI MAKANI LOOP E202
Price: $510,000
Status: PENDING - CONT. TO SHOW
Building Name: Kai Makani
Unit: E202
Waterfront: Across Street from Ocean
Beds: 2
Baths: 2
SqFt: 811
Address: 18 KAI MAKANI Loop
City: Kihei
State: HI
Zip: 96753

See a complete list of Kai Makani Condos For Sale

Contact a South Maui Real Estate Specialist

hoolei_at_grand_wailea_Pool2

Our team has been blessed to have been part of this extraordinary community since its creation in 2005. Our real estate information office is located on site and is open 7 days a week. It truly brings a smile to my face meeting first time guests, return visitors, and full-time residences that love and embrace the Maui lifestyle.

We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.

Mahalo,

Anthony Sayles
(808) 280-6531
Anthony@DanoSayles.com